Terra’s Mirror Protocol Stops Ongoing Exploit Dead on Its Tracks That Had Already Siphoned Off $2M in Assets

Summary: The team at the Terra-based Mirror Protocol has stopped an ongoing exploit that had already siphoned off $2 million in assets. The exploit was made possible through a faulty price Oracle that quoted the price of LUNC at around 5 UST when it was much lower. The attacker then loaded up on collateral and exited with borrowed real assets. The team at the Terra-based Mirror Protocol has averted further potential damages by stopping an ongoing exploit dead on its […]